China unswervingly follows the path of ecological priority and green development, and is a staunch activist and important contributor to the world's green development. Two sets of data continue to attract attention: first, the installed capacity of renewable energy accounts for more than 50% of the country's total installed power generation capacity, and second, the contribution to the global new installed capacity of renewable energy continues to exceed 50%. The "two 50%" is the epitome of China's green development achievements. In fact, this world-renowned achievement did not fall from the sky, nor did it occur naturally purely through market regulation. Like many achievements in China's development in the new era, this is the result of adhering to the combination of effective markets and promising governments to continuously stimulate market vitality, institutional vitality and social creativity.

Implement new development concepts, build consensus and pool strength for green development. Under the scientific guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, especially Xi Jinping Thought on Economics and Xi Jinping Thought on Ecological Civilization, the concept of "lucid waters and lush mountains are invaluable assets" has been deeply rooted in the hearts of the people and has deeply reshaped development logic and market behavior. More and more business entities have improved their competitiveness and influence through active green transformation, and are playing an increasingly important role in green development.

Strengthen planning and guidance to point out the direction and clarify the path for the green transformation of enterprises. The scientific formulation and continuous implementation of five-year plans is an important experience for our party in governing the country. The “13th Five-Year Plan” proposes “firmly establishing and implementing the development concepts of innovation, coordination, green, openness and sharing”, and the “14th Five-Year Plan” clarifies the relevant requirements for achieving the “double carbon” goal. The continuity of planning ensures the coherence of goals, transparency of policies, and stability of expectations. Enterprises can firmly invest in long-term research and development and green transformation, opening up the entire chain from the implementation of macro policies to micro behaviors.

Adhere to the innovation drive, promote green productivity to improve quality and efficiency, and create advantages. China is accelerating the green and low-carbon scientific and technological revolution, strengthening cutting-edge and disruptive low-carbon technological innovation, increasing the promotion and application of green and low-carbon technologies, and promoting enterprises to shift from competing for scale and price to competing for quality and technology. At the same time, the market provides a vast experimental space and rich application scenarios for innovation, allowing it to quickly update and iterate and realize commercial value, promoting the continuous emergence of new technologies, new products, new business formats, and new models, accelerating the transformation of ultra-large-scale market advantages into green industry competitive advantages.

Strengthen institutional support to add impetus, tap potential, and activate green development. China insists on promoting green development with the concept and method of the rule of law, and uses the strictest system and the strictest rule of law to ensure green development. Dozens of relevant laws have been promulgated and implemented, the ecological environment code has been compiled and a green and low-carbon development chapter has been established, and strategies and systems for main functional areas, natural resource asset property rights systems, land space development and protection systems have been established and improved, and the "four beams and eight pillars" have been gradually established. These legal systems effectively regulate market order, create a fair competitive market environment, and promote the development of the market economy on the track of the rule of law.

Improving factor guarantees will help business entities make up for their shortcomings, improve efficiency and increase benefits. China continues to improve fiscal, taxation, financial, investment, and price policies that support green development, implements relevant preferential tax policies, vigorously develops green finance, deepens the market-based reform of new energy on-grid electricity prices, improves the market-based allocation system of resource and environmental factors, and continuously stimulates the enthusiasm of the whole society to participate in green development. With policy support, China has become the largest and fastest-growing new energy vehicle market in the world. The green power output of new energy enterprises can be converted into green certificates and obtain additional income. Small and micro enterprises can obtain preferential financing costs through green finance for energy-saving transformation. Green transformation is no longer a heavy burden, but a visible and tangible economic benefit.

With the mutual coordination and mutual promotion of the role of the government and the market, China has built the world's largest and fastest-growing renewable energy system, formed the world's largest and most complete new energy industry chain, and achieved the world's largest and fastest promotion and application of new energy vehicles. China has become one of the countries with the fastest decline in energy consumption intensity in the world, and is the country with the fastest and most "greening" in the world.

As the largest developing country in the world, China has not only created a miracle of green development that has attracted worldwide attention, but has also taken practical actions to contribute Chinese wisdom and Chinese solutions to global ecological governance and building a clean and beautiful world. We continue to provide high-quality, efficient, green and low-carbon products to the world, especially developing countries. Wind power, photovoltaic, new energy vehicles and other products are exported to more than 200 countries and regions, providing 70% of wind power equipment and 80% of photovoltaic module equipment to the world, driving global wind power and photovoltaic power generation costs to drop by more than 60% and 80% respectively, and igniting the dream of green development in developing countries.

China’s green development practice shows that coordinating the relationship between the effective market and the effective government, allowing the “invisible hand” and the “visible hand” to organically combine and complement each other, and continuously release the synergistic advantages of the “two hands” is the “password” for China’s green development miracle, and will continue to add greenness to beautiful China.